MARCH 3, 2002
The liquidator speaks (Part II)
Cosme Rogeau, the liquidator of Prost Grand Prix, seems to be a man under pressure at the moment and on Saturday afternoon he issued a second press release to try to explain the deal he has struck with Phoenix Finance Ltd.
Nickerson and Rogeau added that the team will be a completely new one - which presumably means that Nickerson and whoever may be behind him will have to stump up $48m in deposit for the FIA, assuming that the FIA accepts the entry - which does not seem very likely at this late stage.
There are presumably legal reasons why Rogeau and Phoenix need to point out that Prost has not been bought - but if this is the case, it is hard to see how the new team can possibly appear.
The Phoenix may have to return to the ashes.